Home Economy & Markets EDITORIAL: Capping Colorado’s prescription costs will backfire

EDITORIAL: Capping Colorado’s prescription costs will backfire

230
0

If only there were a magic wand to tame the high cost of living in our inflationary economy. Instead, there are politicians — who merely pretend to possess such superhuman power. And their attempts to wield it inevitably backfire, sooner or later.

Thus, our sense of impending doom after news that another high-priced prescription drug was officially declared “unaffordable” by Colorado’s groundbreaking Prescription Drug Affordability Review Board. The finding last Friday paves the way for the drug board to set an upper price limit that could be charged for the drug in our state.

The board’s action no doubt is popular among the politicians who conjured up the board a few years ago, as well as with the advocacy groups that regularly joust with the pharmaceutical industry. Plenty of rank-and-file Coloradans might welcome the move, as well.

LEAVE A REPLY

Please enter your comment!
Please enter your name here